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When I look at an ASE...
291fifth
Posts: 25,172 ✭✭✭✭✭
...all I see is a hunk of bullion.
All glory is fleeting.
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John
Never view my other linked pages. They aren't coin related.
is there anything else we are supposed to see?
<< <i>...all I see is a hunk of bullion. >>
Take a good look @ the reverse proof. & post again
I also see a coin meant for (bullion) commerce as opposed to dedicated collector pieces such as proofs and commems.
<< <i>...all I see is a hunk of bullion. >>
Thanks for sharing your grand and earthshattering news.
I am sure that those that like them are all wrong in their views.
Good thing that people can't like what they want without people trying to proactively put them down or put down objects that they don't personally like.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>...all I see is a hunk of bullion. >>
Thanks for sharing your grand and earthshattering news.
I am sure that those that like them are all wrong in their views.
Good thing that people can't like what they want without people trying to proactively put them down or put down objects that they don't personally like. >>
POTD
<< <i>...all I see is a hunk of bullion. >>
See any $$$$$$$$$$$$$$$????? NO??? Get out your loupe and look closer.
Out of 9 sets I saw over $3K worth of $$$$ and I stll got 3 sets left.
<< <i>
<< <i>...all I see is a hunk of bullion. >>
See any $$$$$$$$$$$$$$$????? NO??? Get out your loupe and look closer.
Out of 9 sets I saw over $3K worth of $$$$ and I stll got 3 sets left. >>
Tom...shhhhh....I like small-minded people who makes posts like the OP......shows there are still areas where I can enjoy the hobby and maybe make a profit as well.
Anytime someone puts blinders on, or tries to convince people that their way is the best and only way, it tells me to generally stay away from there and go look into other things for opportunities (enjoyment and/or money).
I have enjoyed the SAE series since I got back into coins (2002) and have come to enjoy classics as well.....I have stopped a lot of my morgan buying due to prices and such, but I have come to enjoy dimes, half-dimes, seated coins, and a few others. I must be a rare breed to like things across the spectrum though
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
...all I see is a hunk of bullion.
i just posted in another thread about speculating on this stuff
and how people like it because it appears to increase in value...
and said no one ever mentions the beauty of the design, or
the crisp strike.
i see your thread and think, gee, someone is posting about how
lovely they are.
then i read your one liner and see you agree with me :-|
<< <i>lol 291fifth.
...all I see is a hunk of bullion.
i just posted in another thread about speculating on this stuff
and how people like it because it appears to increase in value...
and said no one ever mentions the beauty of the design, or
the crisp strike.
i see your thread and think, gee, someone is posting about how
lovely they are.
then i read your one liner and see you agree with me :-| >>
The design beauty and the strikes have been mentioned for the SAEs, and particularly the RP, many times. Go back to some of JapanJohn's first posts...he, and others, have made threads on it and have posted for quite awhile on the love of the series/coins.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
yup. they make great coins to mess around with when trying
to tone them.
people love when they get milk spots on them. lots of posts about
that.
i know we all like different things but all bubbles will burst.
i guess i am waiting for the damage joy phase to start kicking in soon.
<< <i>they make great coins to mess around with when trying to tone them. >>
So do Morgans, IHCs, commems and many other coins.
<< <i>people love when they get milk spots on them. lots of posts about that. >>
Yep, that's one reason I like mine raw. No matter what people say, I still contend they seem to spot less when unslabbed.
<< <i>i know we all like different things but all bubbles will burst. i guess i am waiting for the damage joy phase to start kicking in soon. >>
Sure, but will people who like the design less like the design less when the bubble bursts? Probably not, they'll probably like it less because they lost money or didn't make as much. People who think the reverse proof is a beautiful coin will probably still think it's a beautiful coin. There's nothing wrong with attacking the speculation or bubble, but that's different than saying no one appreciates the beauty of the coin.
those boxes of coins, for 8000 bucks, would you be concerned
about what he is doing with his money?
<< <i>Actually, a lot of people post about how beautiful they think ASEs are
yup. they make great coins to mess around with when trying
to tone them.
people love when they get milk spots on them. lots of posts about
that.
i know we all like different things but all bubbles will burst.
i guess i am waiting for the damage joy phase to start kicking in soon. >>
It will make you feel good if the "bubble bursts" on these and people get hurt, right?
I get my enjoyment from other things than watching people get hurt or wishing ill upon others for what they like, but to each their own.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>zoins, if that was your father buying those coins on ebay,
those boxes of coins, for 8000 bucks, would you be concerned
about what he is doing with his money? >>
Sure, but that's a different issue than whether one appreciates the design of the coin or not. You don't seem to be able to separate the issues.
i guess i think the issues are all related and connected.
I knew it would happen.
is that what you call speculating in bullion? a collecting preference?
i normally do not post this way to a buffalo nickel or wheat penny
post. but this bullion crap is all about money and i feel just fine
portraying it that way.
<< <i>zoins, if that was your father buying those coins on ebay,
those boxes of coins, for 8000 bucks, would you be concerned
about what he is doing with his money? >>
LOL was it you that asked the same question when they were selling for 3000 bucks???
no probably not. but the people speculating in this stuff sure are
all gleefully posting about their profits. planning to buy the next
big batch of sure winners. slapping each other on the back for their
sharp purchases and big flips.
aren't these the people laura called wannabees?
where will you be when the market no longer wants mass produced
bullion coins? finding the next big thing? every hobby seems to have
these types of people and i guess i have to learn to tolerate it.
give me a post about a wheat cent any day of the week.
instead we have speculation posts a plenty.
Box of 20
<< <i>LOL was it you that asked the same question when they were selling for 3000 bucks???
no probably not. but the people speculating in this stuff sure are
all gleefully posting about their profits. planning to buy the next
big batch of sure winners. slapping each other on the back for their
sharp purchases and big flips.
aren't these the people laura called wannabees?
where will you be when the market no longer wants mass produced
bullion coins? finding the next big thing? every hobby seems to have
these types of people and i guess i have to learn to tolerate it.
give me a post about a wheat cent any day of the week.
instead we have speculation posts a plenty. >>
Why would'nt YOU start a post on a wheat cent. If that is your thing, Have at it.
<< <i>LOL was it you that asked the same question when they were selling for 3000 bucks???
no probably not. but the people speculating in this stuff sure are
all gleefully posting about their profits. planning to buy the next
big batch of sure winners. slapping each other on the back for their
sharp purchases and big flips.
aren't these the people laura called wannabees?
where will you be when the market no longer wants mass produced
bullion coins? finding the next big thing? every hobby seems to have
these types of people and i guess i have to learn to tolerate it.
give me a post about a wheat cent any day of the week.
instead we have speculation posts a plenty. >>
I think, for the majority of us on the board, you are way off base (again).
If someone "speculated" at the initial price of $100/set, which many of us did and are still holding some sets, it just sounds like jealousy on your part.
Now, if someone is buying sets of 10 at these prices, in hopes of doubling their money....well, to me, that is like buying dotcoms in late 2000 or like buying real estate in Las Vegas or San Diego a couple of years ago....that's chasing the money if your only goal is to buy and sell.
Maybe it isn't true, but your posts reek (sic?) of jealousy and don't seem to have much in the way of substance or value to them, regarding "bullion" in the ASEs. Are you just waiting to have the prices go down and find out someone bought high so you can say "I told you so!"?
The sets I have in my hands were all bought for $100/set (some are graded so add in the grading fees).....I doubt I will ever lose money on them, and, if I did, I have already sold enough for a car downpayment, a 46" LCD TV (last fall), and some mad money......others have done even better. I think we are quite better of for it (oh yeah, like others have said, I have also bought "classics" with the profits....PR IHCs, 1909svdb, 1916d merc, etc)......I do laugh every time I see someone whine about the price of the ASEs or people buying/selling them.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>LOL was it you that asked the same question when they were selling for 3000 bucks???
no probably not. but the people speculating in this stuff sure are
all gleefully posting about their profits. planning to buy the next
big batch of sure winners. slapping each other on the back for their
sharp purchases and big flips.
aren't these the people laura called wannabees?
where will you be when the market no longer wants mass produced
bullion coins? finding the next big thing? every hobby seems to have
these types of people and i guess i have to learn to tolerate it.
give me a post about a wheat cent any day of the week.
instead we have speculation posts a plenty. >>
Why would'nt YOU start a post on a wheat cent. If that is your thing, Have at it.
Sounds like a lot of "Sour Grapes" to me, I for anyone rater modern or classic that can make a buck if they want on their collection. Funny most of the good old wheat cent were produced in far greater quanity and the price shows it.
<< <i>Hey Bochiman, What did you purchase with your "MAD" money. Anything from Mad Marty
Nah....he was selling all those "moderns" and so-called coins
I bought some Proof IHCs (BN and RB with NT). The 1916-d merc in G4 PCGS that looks G6 and has a G8 obv.
Also got a nice 1909 SVDB in MS64RB.
Things I would not have been able to buy on my coin budget for quite a few more months. The ASEs helped out a ton (as did the AGE 20th Annv set.....those bought me a nice new 46" LCD HDTV with money left over
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Fred, Las Vegas, NV
<< <i>
<< <i>Hey Bochiman, What did you purchase with your "MAD" money. Anything from Mad Marty
Nah....he was selling all those "moderns" and so-called coins
I bought some Proof IHCs (BN and RB with NT). The 1916-d merc in G4 PCGS that looks G6 and has a G8 obv.
Also got a nice 1909 SVDB in MS64RB.
Things I would not have been able to buy on my coin budget for quite a few more months. The ASEs helped out a ton (as did the AGE 20th Annv set.....those bought me a nice new 46" LCD HDTV with money left over
It's a GREAT country. I was going to dump my set's @ $500.00 But now I wonder
Edited to add; Try to get a 300-400% return from a bank in six months.
<< <i>...all I see is a hunk of bullion. >>
I agree.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Who's doing the speculating? You give Laura and TDN a pass when they started trying to re-sell their 1913 nickel after about a year. Doesn't that seem a bit speculative? It does to me. Having possession of a coin for 1 1/2 years is not collecting, and it sure doesn't seem like they really wanted the coin for much more than advertising purposes. Some "collecting", there! Yeah, right. I keep most of my bullion pieces a good 5 times longer than that.
First you try to disparage anyone who makes a profit selling a bullion piece by saying that 35% is no big deal, and when the actual profit on the transaction is closer to 700%, you start to whine about the "flippers" making stupid money on a transaction that has no justification in your eyes. Here's the reality - there's a market for Moderns. Apparently, lot's of people collect them, like it or not.
And yeah, it's one of my collecting preferences. One of many. What's it matter to you, anyway? What's your beef? If Modern collectors practiced the degree of intolerance toward your favorite coins that you exhibit toward Moderns, you wouldn't find the discussion very enjoyable.
Again, I ask - why do you bash others' collecting preferences?
I knew it would happen.
<< <i>...all I see is a hunk of bullion. >>
Is that a good or a bad thing. I'll take this hunk of bullion any day.
Everyone should collect for fun. SAEs are beautiful US Mint products and are within the reach of most collectors. They are popular and rightfully so when compared with the circulating coinage produced today.
i think anyone who buys several of the same product from the
mint is speculating. no different then people who buy seven copies
of the same comic, baseball card, etc...
I do not call that collecting.
You give Laura and TDN a pass
I was actually quite negative about the sale. i think that is silly
money for a coin and they found a way to make a profit off a collector
who could prob not find a buyer for it today at the same price.
i am not against them collecting anything.. even you must see that.
but buying several sets and crowing about their successes all the while
we have newbies coming to the board asking if they should
max out their CC for some bullion.
geez. i dont understand you guys. do you want to be a part of that
scene? to me it leaves a bad taste in my mouth.
oh and let me be clear here. this is not speculation on silver...
please feel free to buy silver slightly over spot today hoping the
price of silver increases. or holds its value.
i see speculation on bullion rounds as collectables! that is what i think is wrong.
<< <i>At least it doesn't have a dead president on it. >>
Oi,Oi, ain't that the truth!
<< <i>Who's doing the speculating?
i think anyone who buys several of the same product from the
mint is speculating. no different then people who buy seven copies
of the same comic, baseball card, etc...
I do not call that collecting.
You give Laura and TDN a pass
I was actually quite negative about the sale. i think that is silly
money for a coin and they found a way to make a profit off a collector
who could prob not find a buyer for it today at the same price.
i am not against them collecting anything.. even you must see that.
but buying several sets and crowing about their successes all the while
we have newbies coming to the board asking if they should
max out their CC for some bullion.
geez. i dont understand you guys. do you want to be a part of that
scene? to me it leaves a bad taste in my mouth.
oh and let me be clear here. this is not speculation on silver...
please feel free to buy silver slightly over spot today hoping the
price of silver increases. or holds its value.
i see speculation on bullion rounds as collectables! that is what i think is wrong. >>
FC thanks for your opion, WE DON'T CARE
Fred, Las Vegas, NV
<< <i>...all I see is a hunk of bullion. >>
I've got one for my "type" collection, but I don't see much in them beyond that.
You can play the crackout game and try to out-manuver 20 other specialists who are every bit as clever and cut-throat as the next guy.
You can try to estimate rarity by figuring how many coins have been re-submitted for upgrades, knowing all along that the pressure for TPGs is to eventually allow some gradeflation as an inevitable part of the process. Sooner or later you will score that huge profit you've been trying so hard to nail by sheer repetition on a day when the graders just have a bit too much going on.......
You can hope that the toning you see is NT, but you have deep misgivings that most of the specimens left in the known world have been "conserved" and re-toned "naturally" in the standard 5 minute chemical soup mix or God-knows-what, in order to hide who-knows-what beneath the toning.
Or, you can assemble a set of American Silver Eagles for a nominal cost that still retains the underlying bullion value, no matter what. You can assemble a collection that looks impressive and will continue to grow every year, adding to the pleasure of owning it. You don't have to play the crackout game, because there is an abundance of nice coins available.
In a few years, you might come to appreciate the ones that are less common, and even scarce. You know the relative scarcity from the very beginning and can gauge your purchases without alot of guesswork and anxiety. Your collection might even make money, maybe a significant amount of it. In 15 or 20 years, you notice that some of the coins are nicely toned. You could do alot worse for a hobby!
You can do the same thing in gold, or platinum. Nominal risk. Interesting upside potential. Buy a few extras (maybe a truckload or two) and maybe you get lucky if you know what factors to consider. Does that make you an evil speculator? Whatever. Sooner or later, you might branch out into Large Cents or Half Dimes. If that's unhealthy for the collector, or for the hobby, then I think the hobby is dead.
I knew it would happen.
Would a new, casual collector really want to get into classics after reading about some of the issues in that part of the market?
It is all relative. New York City street vendors (yester-year equivalent of modern day flippers:lol
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111
In terms of enjoyment I find them all to be equal , in terms of return on investment (and anyone who does not see their coins as and investment is in denial) the bullion has had the highest return , then the darkside and then the classics. That is over the last 5 years . Should the coin market correct , which it inevitably will, I am still guaranteed bullion value on my bullion coins and there is no telling what the downside on the other 2 will be.
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BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
<< <i>...all I see is a hunk of bullion. >>
From the "ugliest coin" thread, it seems that a number of people think some popular classics series are pretty ugly but there are no spontaneous threads about how ugly and unremarkable some of them are.
Can a reason be that moderns are seeing a lot of collector/speculator interest and appreciating?
I think that this quote from above sum me up.
One, I had a feeling that these sets would be something special and bought 5, I wanted ten but at the time I needed the extra dough for 5 Legacy sets, that was my first option that day
Two is the the moment I saw the ASE set, I loved it! as does the wife. I still take good long looks at it and they are the only ASE's I own, because I felt the same way "they are just bullion" and I was never was into them, but I have to admit between the beauty of the set and the insane price it is at, I love the price as much as the Sets